The US trade deficit shrank to $73.3 billion in June, down from a revised $77.6 billion in May, according to data from the Bureau of Economic Analysis and the US Census Bureau. Exports clocked in at $314.7 billion while imports hit $388.0 billion.
That’s a roughly $4.3 billion improvement month-over-month.
The good news and the not-so-good news
The advance goods-only figures for June show a deficit of $101.5 billion. Services exports are doing the heavy lifting to make the headline figure look palatable, with the services sector — think finance, tech, consulting, and intellectual property licensing — acting as the cushion keeping the overall deficit from looking much worse.
Monthly trade deficits have fluctuated between $50 billion and $80 billion throughout 2026. June’s number sits near the upper end of that range.
